A.B.C.'s of Behavioral Forensics: Applying Psychology to by Sridhar Ramamoorti

By Sridhar Ramamoorti

Get useful insights at the psychology of white-collar criminals—and the best way to outsmart them

Understand how the psychologies of fraudsters and their sufferers have interaction in addition to what makes auditors/investigators/regulators enable down their shield. know about the psychology of fraud sufferers, together with forums of administrators and senior administration, and what makes them are looking to think fraudsters, and for this reason making them rather at risk of deception. simply because it specialists gave us desktop forensics, we have a uniquely certified crew immersed in psychology, sociology, psychiatry in addition to accounting and auditing, introducing the rising box of behavioral forensics to deal with the phenomenon of fraud.

Ever ask yourself what makes a white-collar legal tick? Why does he or she do what they do? For the 1st time ever, see the brain of the fraudster laid naked, together with their occasionally twisted rationalizations; imagine like a criminal to seize a criminal! The A.B.C.'s of Behavioral Forensics takes you there, with professional suggestion from a various yet hugely really expert authoring group of pros (three out of the 4 are qualified Fraud Examiners): a former accounting company companion who has a PhD in psychology, a former FBI precise agent who has been with investigative practices of 2 of the large 4 companies, an commercial psychiatrist who has labored heavily with the C-level suite of huge and small businesses, and an accounting professor who has interviewed various convicted felons. in addition to a desirable exploration of what makes humans fall for the typical and not-so-common swindles, the e-book offers a sweeping characterization of the ecology of fraud utilizing The A.B.C.'s of Behavioral Forensics paradigm: the undesirable Apple (rogue executive), the undesirable Bushel (groups that collude and behave like gangs), and the undesirable Crop (representing organization-wide or maybe societally-sanctioned cultures which are poisonous and corrosive). The e-book will make you are taking an extended glance whilst hiring new staff and gives a deeper extra complicated figuring out of what occurs in enterprises and of their humans. The A.B.C. version also will support these inside and out organisations inoculate opposed to fraud and make you give some thought to instilling the center values of your company between your humans and create a tradition of excellence and integrity that acts as a prophylactic opposed to fraud. finally, you can find that, used properly, behavioral equipment trump completely monetary incentives. With enterprise fraud at the upward thrust globally, The A.B.C.'s of Behavioral Forensics is the must-have publication for investigators, auditors, the C-suite and hazard administration pros, the forums of administrators, regulators, and HR professionals.

  • Examines the psychology of fraud in a realistic means, concerning it to features of fraud prevention, deterrence, detection, and remediation
  • Helps you already know that belief violation—the essence of fraud—is a betrayal of behavioral assumptions approximately "trusted" people
  • Explains how reliable humans cross undesirable and the way another way sincere humans go the line
  • Underscores the significance of making a tradition of excellence and integrity that inoculates a company from fraud danger (i.e., sincere habit can pay, whereas dishonesty is frowned upon)
  • Provides key takeaways on what to appear for whilst hiring new staff and on your present staff, in addition to developing and preserving a tradition of regulate consciousness
  • Includes narrative bills of interviews with convicted white-collar criminals, in addition to interpretive insights and research in their rationalizations
  • Furnishes rules approximately how you can improve expert skepticism, how you can face up to fraudsters, find out how to see via their schemes, how one can infuse inner controls with the people/behavioral aspect, and cause them to more advantageous in addressing behavioral/integrity risks
  • Provides a superior beginning for education courses around the fraud possibility administration lifestyles cycle the entire manner from the invention of fraud to its research in addition to remediation (so an identical fraud does not ensue again)
  • Enables auditors/investigators to have interaction in self-reflection and stay away from cognitive and emotional biases and traps that result in expert judgment mistakes (e.g., overconfidence, affirmation, self-deception, groupthink, halo impact, availability, speed-accuracy trade-off, etc.)

Ever because the accounting scandals surrounding Enron and WorldCom surfaced, resulting in the passage of the Sarbanes Oxley Act of 2002, in addition to the ongoing fall out from the Wall highway monetary trouble precipitating the Dodd-Frank Act of 2010, fraud has been a number one difficulty for executives globally. if you happen to idea you knew every thing there has been to understand approximately monetary fraud, re-evaluate. Get the true scoop with The A.B.C.'s of Behavioral Forensics.

Content:
Chapter 1 Fraud Is in every single place (pages 13–26):
Chapter 2 The Sins of Quantification and different Mind‐Set Impediments (pages 27–39):
Chapter three past the Fraud Triangle: towards an summary of A.B.C. conception (pages 41–54):
Chapter four past the Fraud Triangle and into the brain: The construction Blocks of Behavioral Forensics—Understanding How the fundamentals of Human habit Tie into Fraud (pages 59–79):
Chapter five “Said the Spider to the Fly …”: The Predator‐Prey Dance—Putting Behavioral technology basics into movement (pages 81–119):
Chapter 6 The unintended Fraudster (Bad Apple): while the Apple Turns and Honesty Reverses direction (pages 121–141):
Chapter 7 The undesirable Bushel and past: Seeing the bigger Context of the C‐Suite (pages 143–164):
Chapter eight coping with the Ecology of Fraud: What you are able to do on Monday Morning (pages 171–194):
Chapter nine the way forward for Behavioral Forensics: constructing mental understanding to counterpoint monetary Fraud Suspicions (pages 195–212):

Show description

Read Online or Download A.B.C.'s of Behavioral Forensics: Applying Psychology to Financial Fraud Prevention and Detection PDF

Similar managerial books

Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley

Monetary Reporting of Environmental Liabilities and dangers is a whole advisor to constructing the underlying company platforms to effectively document environmental concerns in audited monetary statements and stories filed with the Securities alternate fee (SEC). It units forth correct reporting and inner keep watch over criteria and discusses very important matters affecting reporting entities, accountants, legal professionals, and environmental pros.

Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia

A lot has been written concerning the fiscal and political difficulties of nations which are within the technique of altering from centrally deliberate platforms to industry structures. such a lot experiences have curious about the industrial, felony, political and sociological difficulties those economies have needed to face through the transition interval.

Management und Controlling: Instrumente - Organisation - Ziele

Die Ausgestaltung der Bereiche administration und Controlling hat eine große Bedeutung für den Erfolg unternehmerischer Aktivitäten. Sie rücken dabei zunehmend dichter zusammen und werden in einem Unternehmensführungssystem vernetzt. Wird Controlling als unternehmensinterne Dienstleistung für das administration verstanden, führen groups aus Managern/innen und Controllern/innen ihre Unternehmen gemeinsam zum wirtschaftlichen Erfolg.

Extra info for A.B.C.'s of Behavioral Forensics: Applying Psychology to Financial Fraud Prevention and Detection

Example text

4 However, this does not negate the usefulness of numbers when we cite statistics to understand the nature and scope of the fraud problem—they do have great utility in the right contexts. 5 The Danger of Numbers In March 2013, the SEC accused the state of Illinois of securities fraud. The state had seen its pension fund steadily eroding, and the severity of underfunding grew as the recession deepened. Specifically, the SEC alleged that Illinois had misled investors about the condition of its public pension system from 2005 to 2009.

Pagewanted=all&_r=0. 26. A particularly interesting perspective is provided by a Madoff victim, Stephen Greenspan, clinical professor of psychiatry at the University of Colorado. com/eskeptic/08-1223/#feature. ” and apply this question to virtually any decision or plan of action. Behind this question, though, is a question about the numbers. How often, in the course of a business day or in the offices of senior leaders, does the conversation stop when someone asks about the numbers? ” As many chief executive officers (CEOs) and chief financial officers (CFOs) will tell you, the real power behind the organization is determined not by them but by the numbers.

Soon after the 2002 wake‐up call, Leonard Sayles and Cynthia Smith presented their well‐researched views on how corporate America was on a dangerous course: ● ● ● ● How the tail started wagging the dog. The unanticipated consequences of large‐scale executive stock ownership. The technology of deceit. How information technology makes abuse easier to execute and easier to hide. The silence of the lambs. How the media and academia contribute to the problem. The mythic executive. 10 Indeed, the inner workings of corporate America had been shockingly revealed in the Enron and WorldCom scandals.

Download PDF sample

Rated 5.00 of 5 – based on 33 votes